Clarity Commerce Solutions PLC
24 April 2006
Clarity Commerce Solutions
Placing of Shares
Clarity Commerce Solutions ('Clarity') is pleased to announce that it has
conditionally raised £1.95 million through the placing of 3,000,000 ordinary
shares of 25 pence each (the 'Placing Shares') at a price per share of 65 pence
with institutional investors. The proceeds will be used by the Company as
additional working capital and to finance the development of the Company as
enlarged by the acquisition of MATRA Systems (Holdings) Limited ('MATRA
Systems'), which was announced on 29 March 2006.
Bridgewell Securities Limited completed that Placing on behalf of Clarity.
The Placing is conditional on, inter alia, the passing of the Resolutions to be
put to an Extraordinary General Meeting of the Company, which is taking place on
25 April 2006.
Application has been made to the London Stock Exchange for the new ordinary
shares to be admitted to Alternative Investment Market and it is expected that
admission will take place on 26 April 2006. The new ordinary shares will rank
pari passu with the existing shares of the Company. Following the allotment the
total issued share capital of the Company will increase to 19,338,086 ordinary
shares.
The Placing has only been made to persons falling within article 19 and article
49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2001 and are also qualified investors for the purposes of section 86 of FSMA and
no other person may now participate in the Placing or rely on any communication
relating to it. The offer of the Placing Shares has not been made to the public
for the purposes of the Prospectus Rules.
Commenting on the Placing, Graham York, Chief Executive of Clarity, commented:
'I am delighted to announce this fundraising and particularly pleased that
institutional investors support Clarity's acquisition of MATRA Systems, which
will afford significant opportunities for cross-selling and add significant
value through the addition of MATRA's customers, software and people to Clarity'
24 April 2006
Enquiries
Clarity Commerce Solutions
Graham York, Chief Executive 0870 44 44 234
Bridgewell Securities Limited 020 7003 3000
Greg Aldridge / Nick Lovering
College Hill
Adrian Duffield / Ben Way 020 7457 2020
College Hill
Tel: 0207 457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
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